The Nasdaq Iceland, formerly known as the Iceland Stock Exchange (ICEX), is a stock exchange for Icelandic bonds and equities. Companies in sectors such as retail, fishing, transportation, banking and real estate are listed on the exchange. Because of the small size of the Icelandic economy many of the stocks traded on Nasdaq Iceland are relatively small and illiquid.[1][2]
History
The Iceland Stock Exchange (ICEX) was established in 1985 as a joint venture of several banks and brokerage firms on the initiative of the Central Bank of Iceland.[3] Trading began in 1986 in Icelandic government bonds with the central bank as the market maker.[4]